Glass: Why did it hit a one-month high?

On March 7, the main contract of glass futures rose by more than 2%, hitting a new high of more than one month, closing at 1588, and the news of Shahe going to the warehouse flowed out of the market at the end of yesterday, and the volume pulled up, showing signs of stabilizing and rebounding.

Inventory: After the

the Spring Festival, the inventory of glass enterprises rose significantly, and the market sentiment was under periodic pressure. Two weeks ago, the speed of inventory accumulation began to slow down. In stages, the high inventory pattern is still the main negative factor restricting the periodic rebound of the glass spot market. After the

two sessions, the market sentiment reversed slightly, and the spot market tentative quotation increased. Recently, the domestic float glass market has risen steadily, the local production and marketing situation has improved, and many factories in the sales area have reported a rise.

Price: The market price in North China is basically stable

in the near future, with a slight increase in individual small plates, and the overall market trading is slightly general; the market price in East China is stable and small, with some factories raising their quotations, but the actual implementation is general.

Recently, the production and sales of most enterprises have recovered; the price in Central China is temporarily stable, the downstream processing plants purchase according to their needs, the production and sales of some manufacturers can reach a balance, and the wait-and-see mood in the market is strong; the price of Xinyi, Qibin, Mingxuan, Nanning, Longtai white glass and some color glass in South China market has increased by 1-2 yuan/weight box, the market transaction remains flexible, and there is a certain discount for delivery; Southwest Guizhou individual rises 1-2 yuan/weight box, other factory stable price digests early period to rise in price.

Market: Looking forward to recovery

from the macro and industry high-frequency data, as the direct downstream of the glass industry, the current real estate related demand is in the process of recovery. The

spot and futures prices are significantly lower than production cost, and the glass lacks the basis for sustained weakness.

With the acceleration of the downstream resumption of production and the further formation of a stable economic recovery, the glass market is worth looking forward to stabilizing and rebounding.